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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Advisory fees        
Asset based $ 22,095 $ 16,486 $ 42,484 $ 32,033
Performance based 3,443 2,535 3,806 2,535
Trust fees 5,151 4,574 10,179 8,791
Other, net 216 (120) 385 216
Total revenues 30,905 23,475 56,854 43,575
EXPENSES:        
Employee compensation and benefits 12,502 11,907 25,045 23,750
Sales and marketing 375 334 662 621
Westwood mutual funds 722 462 1,374 866
Information technology 1,014 678 1,729 1,334
Professional services 1,189 1,077 2,571 2,079
General and administrative 1,384 1,284 2,832 2,473
Total expenses 17,186 15,742 34,213 31,123
Income before income taxes 13,719 7,733 22,641 12,452
Provision for income taxes 4,897 2,854 8,060 4,740
Net income 8,822 4,879 14,581 7,712
Other comprehensive income (loss):        
Foreign currency translation adjustments 332 (158) (22) (235)
Total comprehensive income $ 9,154 $ 4,721 $ 14,559 $ 7,477
Earnings per share:        
Basic $ 1.17 $ 0.66 $ 1.94 $ 1.05
Diluted $ 1.14 $ 0.65 $ 1.89 $ 1.03
Weighted average shares outstanding:        
Basic 7,523,347 7,349,868 7,499,016 7,318,688
Diluted 7,739,150 7,495,523 7,720,425 7,492,392